Stealth Minerals reviews progress on Toodoggone project
2003-10-30 10:18 ET - News Release
Mr. Bill McWilliam reports
TOODOGGONE PROJECT UPDATE AUGUST PROSPECT
The company has conducted an extensive ground-based prospecting and sampling program during 2003 on its 480-square-kilometre Toodoggone project, which produced some spectacular gold, silver and base metal discoveries in large-scale systems. The program produced encouraging results from over 3,000 rock samples from known prospects and several new showings. The company is compiling and interpreting this large amount of data and results will be available for several prospects.
The company has received assays from 12 rock samples from the August prospect, which is a new showing located in the southeast part of the Toodoggone project and east of the known Audrey prospect (094E116). The gold values from outcrop and float samples ranged from trace to 25.48 grams per tonne with associated silver and base metals values.
Three grab samples from outcrop on a poorly exposed vein that trends about 160 degrees assayed 5.11 grams per tonne gold, 25.48 grams per tonne gold and 11.1 grams per tonne gold over six metres. Approximately 200 metres northwest of this showing a rock (float) sample of similar material assayed 1.7 grams per tonne gold. The vein system is poorly exposed in an area about 200 metres by 200 metres. Other veins occur and remain to be sampled. The showing appears to open in all directions as it is covered by overburden and dense vegetation. Detailed follow-up prospecting is planned.
The showing appears to be hosted in Takla volcanics and the alteration assemblage consists of quartz-sericite-calcite-pyrite with associated gold, silver chalcopyrite, sphalerite and galena mineralization. The showing adjoins Northgate's Kemess mine property to the east.
Acme Analytical of Vancouver, B.C., performed assaying and fieldwork is under the supervision of David Blann, PEng, a qualified person and a director of the company.
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